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Bank will be watching

Interest rates will continue to stay low, with the Reserve Bank (RBA) this week not even considering any change to the official cash rate, which currently sits at 0.1%.

RBA Governor Philip Lowe again warned lenders that the Bank will be watching them. “Housing credit growth has picked up, with strong demand from owner-occupiers, especially first-home buyers”, he said.

“Given the environment of rising housing prices and low interest rates, the Bank will be monitoring trends in housing borrowing carefully and it is important that lending standards are maintained.”

About Adam Nobel

Principal
M. Bus, Grad Dip Adv, B.Int Bus, LREA

adam@hugoalexander.com.au

0417 007 001

Adam is the founder and Principal of Hugo Alexander Property Group. With a previous career in advertising, 20 years experience in property investment, and 14 years in Brisbane real estate, he knows the market inside out to ensure his clients grow their wealth faster.

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